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Vossloh AG
Earnings Release • Jun 15, 2023
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Earnings Release
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News Details
Ad-hoc | 15 June 2023 13:10
Vossloh Aktiengesellschaft: Vossloh raises sales and EBIT guidance for full year 2023
Vossloh Aktiengesellschaft / Key word(s): Change in Forecast
Vossloh Aktiengesellschaft: Vossloh raises sales and EBIT guidance for full year 2023
15-Jun-2023 / 13:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Executive Board of Vossloh AG (“Vossloh”) raises its sales and EBIT guidance for the full year 2023 based on the latest information on business development to date and the more concrete prospects for the remainder of the year.
Vossloh had originally anticipated a sales range of €1.05 billion to €1.15 billion for the current fiscal year. From today’s perspective, the company now expects sales of between €1.125 billion and €1.2 billion. In the Core Components division in particular, sales are expected to be higher than originally anticipated, for instance in Mexico, Germany and Italy. In addition, higher sales are forecast in the Customized Modules division, particularly in Serbia and Italy. The EBIT guidance is also adjusted upward and specified. For the current fiscal year, Vossloh expects an EBIT of between €87 million and €94 million, the previous expectation was in a corridor of €79 million to €88 million. In relation to the new midpoint of the sales guidance, this now results in a range for the EBIT margin between 7.5 percent and 8.1 percent for fiscal 2023 (previously between 7.2 percent and 8.0 percent). The raised EBIT forecast is attributable in particular to the Core Components division, where a double-digit EBIT margin is again expected from today’s perspective, mainly thanks to a more profitable project mix.
The terms “EBIT” and “EBIT margin” correspond to the definitions in the Annual Report 2022 (page 197), which is available at www.vossloh.com.
Contact:
Vossloh Aktiengesellschaft
Investor Relations
Dr. Daniel Gavranovic
Phone: +49-2392-52-609
Mail: [email protected]
End of Inside Information
15-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Vossloh Aktiengesellschaft |
| Vosslohstr. 4 | |
| 58791 Werdohl | |
| Germany | |
| Phone: | +49 (0)2392 52 – 359 |
| Fax: | +49 (0)2392 52 – 219 |
| E-mail: | [email protected] |
| Internet: | www.vossloh.com |
| ISIN: | DE0007667107 |
| WKN: | 766710 |
| Indices: | SDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1658303 |
| End of Announcement | EQS News Service |